Luxury Knightbridge one bedroom £5.2m flat repossessed

The UK's swankiest block of apartments - complete with bomb-proof windows and iris recognition security - has had its first eviction.

Property developer Ray Grehan, whom the FT claims is a bankrupt Irish property developer, previously owned the one bedroom flat - previously valued at £5.25m - at prestigious One Hyde Park in Knightsbridge. Are luxury repossessions on the rise? %VIRTUAL-SkimlinksPromo%